Mixed-Use Pay Lake
New
For Sale
$1,300,000
213 KY-1232 Highway, Gray, KY 40734
Business Opportunity, Gray, KY
Property Size3,398 SF
Lot Size48.00 Acres
Price / SF$382.58
Days on Market5
Property Features for 213 KY-1232 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Rural
Directions
Travel from I-75 to Cumberland Gap Highway between Corbin and Barbourville, turn onto 1232 and property is on left. Address will get you there.
Standard status
Active
APN
055-00-00-007.00 055-00-00-007.01
Size
3,398 SF
Lot size
48.00 Acres
Utilities
Utilities
Water Available
Heating system
Forced Air, Natural Gas, Space Heater, Heat Pump (Heating)
Cooling system
Multi Units, Heat Pump
Amenities
pay lake
private ponds
Air B&B units
bait shop/store
eatery
owner's home
wooded acres
hiking
hunting
meditation garden
Building Details
Year built
1994
Listing Agency:
Sallie Davidson, Realtors
(606) 877-3000
Listed By:
Debbie Williams · License #190012
(606) 682-3367
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 7 at 2:06PM
MLS# 26027649
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 48-acre mixed-use property combines a pay lake with five short-term rental units, a bait shop/store, and eatery space. Three ponds are on the property, and an owner’s residence offers three bedrooms and two bathrooms. Approximately 30 acres are wooded.
Located at 213 KY-1232 Highway in Gray, Kentucky, the property brings together lodging, fishing, retail, food-service space, and wooded acreage in one setting.
Located at 213 KY-1232 Highway in Gray, Kentucky, the property brings together lodging, fishing, retail, food-service space, and wooded acreage in one setting.
Key Highlights
- 48 acres with three ponds, including one pay lake
- Five short‑term rental units
- Bait shop/store and eatery space on the property
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 40734, KY
3,877
Population
1,712
Households
2.3
Avg Household Size
41
Median Age
8%
College-Educated
76%
High-School Grad
45.4 sq mi
ZIP Area
85
Density / Sq Mi
$40,270
Median Household Income
$21,506
Median Earnings
$674
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five short-term lodging units accompany a fishing lake, bait shop, eatery space, and on-site residence.
Where is this mixed-use property located?
The property is located at 213 KY-1232 Highway Gray, KY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 48 acres with three ponds, including one pay lake; Five short‑term rental units; Bait shop/store and eatery space on the property
